98. Creative ITC

Revenue: £30.5m

Creative ITC enjoyed a year of strong momentum in 2023, completing several acquisitions and preparing its first set of consolidated accounts as a group. The cloud and managed services provider saw turnover rise by 37.5 per cent year on year, reflecting growing demand for its “as-a-Service” portfolio delivered via global data centre operations.

With a focus on multi-year contracts across enterprise and mid-market customers, the group grew its operating profit by 12 per cent and closed the year with a healthy post-tax profit of £758,511. A series of significant contract wins – some of which are only beginning to deliver revenue in 2024 – helped underpin the business’s strong recurring revenue model.

Creative ITC also grew its headcount by 16 per cent to 102 employees, reinforcing its commitment to delivery excellence and customer experience. The directors said they expect significant sales growth in 2024, supported by a robust pipeline and plans to expand both in the UK and internationally. Ambitions to increase market share in managed services remain firmly in focus.